TORAY INDUSTRIE/ADR (OTCMKTS:TRYIY) shares passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $14.31 and traded as low as $13.08. TORAY INDUSTRIE/ADR shares last traded at $13.24, with a volume of 166,318 shares traded.
Separately, Zacks Investment Research downgraded TORAY INDUSTRIE/ADR from a “hold” rating to a “strong sell” rating in a research note on Saturday, September 7th.
The company has a quick ratio of 1.11, a current ratio of 1.71 and a debt-to-equity ratio of 0.58. The company has a market cap of $10.93 billion, a price-to-earnings ratio of 15.06, a price-to-earnings-growth ratio of 3.22 and a beta of 0.31. The company has a fifty day simple moving average of $14.23 and a two-hundred day simple moving average of $14.36.
Toray Industries, Inc manufactures, processes, and sells fibers and textiles, performance chemicals, carbon fiber composite materials, environment and engineering products, and life science products. The company offers filament yarns, staple fibers, and spun yarns, as well as woven and knitted fabrics of nylon, polyester, acrylics, and others; non-woven fabrics; ultra-microfiber non-woven fabric with suede-texture; and apparel products.
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